"The year 2021 was a year of transformation for Draslovka.."
The EPA’s approval of EDN for use and import in New Zealand offers the first direct replacement to existing log fumigation treatments, most commonly methyl bromide. Methyl bromide is a prolific ozone depletor and extremely harmful to the health of fumigators and local communities.
Intreso is a leading European player in pest control treatment services of cargo and goods. The newly acquired operations will form part of Draslovka’s Agricultural Solutions business, enabling Draslovka to significantly expand its vertically integrated service offering in Europe.
Draslovka strongly condemns the invasion of Ukraine by the Russian Federation, which has led to tragic loss of life and has brought open war again to Europe.
Oaktree will invest US$150m in Draslovka providing preferred equity capital to support the Company’s growth strategy. Draslovka also today announces the completion of the acquisition of Australia based Mining & Process Solutions (“MPS”), a business that owns the exclusive rights to the Glycine Leaching process.
Draslovka will continue to fully supply all of its Mexico-based clients from its productive plants in operation.
This completion makes Draslovka the global leader in the manufacture, technological development, and distribution of hydrogen cyanide (HCN) based specialty chemical products.
Draslovka is reviewing its legal options with respect to the decision and will seek to engage with the Competition Commission to find resolution for it to secure regulatory approval in the near future.
The acquisition marks Draslovka’s first major investment in the US and advances the company’s international expansion plans.
This will be Draslovka’s first major investment into the African continent and forms part of its international expansion plans.